ProShares - S&P 500 High Income ETF
ISPY
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Dec 20, 2023
- Website
- proshares.com
- Similar Companies
- Business
- ProShares S&P 500 High Income ETF (ISPY) is an exchange-traded fund that seeks investment results tracking the S&P 500 Daily Covered Call Index before fees and expenses. The fund employs a daily covered call strategy, holding a long position in S&P 500 stocks and gaining exposure to short positions in one-day out-of-the-money S&P 500 Index call options via swap agreements with counterparties such as Goldman Sachs International and BNP Paribas; it does not directly trade options. ISPY targets high income generation from daily option premiums alongside long-term total returns similar to the S&P 500 Index, with key characteristics including approximately 505 holdings, a price/earnings ratio of 27.75, price/book ratio of 5.44, average market cap of $120.50 billion, expense ratio of 0.56%, and monthly distributions featuring a 12-month distribution rate of 8.73% as of November 30, 2025. Launched on December 18, 2023 and listed on Cboe, ISPY pioneered the first ETF powered by a daily call options strategy among covered call products, distinguishing it from traditional monthly covered call ETFs by aiming to reduce timing risk and preserve more equity upside potential. In June 2025, ISPY and its sibling high income ETFs (including Nasdaq-100 High Income ETF IQQQ and Russell 2000 High Income ETF ITWO) surpassed $1 billion in combined assets under management, reflecting strong investor demand for ProShares' daily options innovation. The fund, issued by ProShares headquartered in Bethesda, Maryland, operates primarily in the U.S. market targeting income-seeking investors such as individuals and institutions desiring S&P 500 exposure with enhanced yield.